Even after news that a vote on S. 2231 won’t happen as quickly as hoped, credit union trade associations say they aren’t pursuing a Plan B to promote legislation that would raise the member business lending cap to 27.5% of assets.
Lawmakers stuck between rock and hard place as lending cap bill languishes. This from the May 9 print edition of Credit Union Times.
New York, Nevada credit union associations say they're confident of continuing support as question remains if vote will be taken this year.
Senator advises colleagues "to move forward carefully."
Colorado Democrat says upper chamber will vote this year on his bill despite reports of its indefinite delay.
I discovered that Credit Union Times’ coverage of Telesis Credit Union’s conservatorship and the actions leading up to it were being used against credit unions’ efforts to expand the member business lending cap from 12.25% of assets to 27.5%.
Legislation that would raise the cap on credit unions' business loans to members is poised for a mid-April showdown in the Senate.
Credit Union Times Editor-in-Chief Sarah Snell Cooke calls on Congress to expand member business lending authority and unleash jobs growth.
Bankers lobby asks its members to write senators to oppose latest version of Senate bill to raise member business lending cap.
Trade group engages in ad fight with banking counterparts.